Chase Manhattan Auto Owner Trust 1998-C
Statement to Certificateholders
15-Sep-00
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
A1 258,000,000.00 0 0 0 0 0 0 0
A2 195,000,000.00 0 0 0 0 0 0 0
A3 325,000,000.00 96,001,981.26 19,712,959.43 464,009.58 20,176,969.01 0 0 76,289,021.83
A4 283,900,000.00 283,900,000.00 0 1,384,012.50 1,384,012.50 0 0 283,900,000.00
B1 32,889,211.45 19,775,870.68 609,679.16 98,879.35 708,558.51 0 0 19,166,191.52
TOTALS 1,094,789,211.45 399,677,851.94 20,322,638.59 1,946,901.43 22,269,540.02 0 0 379,355,213.35
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT
PRINCIPAL PASS-THRU
CLASS FACTOR PRINCIPAL CLASS RATE
A1 0 0 A1 5.59%
A2 0 0 A2 5.75%
A3 295.3907116 60.65526 A3 5.80%
A4 1,000.00 0 A4 5.85%
B1 601.2874681 18.53736 B1 6.00%
TOTALS 365.0728814 18.563061
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Kimberly Costa
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-3247
Email: kimberly.k.costa@chase.com
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
STATEMENT TO CERTIFICATEHOLDERS
Due Period 27
Due Period Beginning Date 08/1/00
Due Period End Date 08/31/00
Determination Date 09/8/00
Section 5.8(iii) Servicing Fee 333,064.88
Section 5.8(iii) Servicing Fee per $1000 0.3042274
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00091342
Section 5.8(vi) Pool Balance at the end of the Collection Period 379,355,213.35
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0
By Servicer 52,441.86
TOTAL 52,441.86
Section 5.8(viii) Realized Net Losses for Collection Period 111,744.53
Section 5.8(ix) Reserve Account Balance after Disbursement 11,380,656.40
Section 5.8(x) Specified Reserve Account Balance 11,380,656.40
Section 5.8(xi) Total Distribution Amount 23,165,701.16
Servicing Fee 333,064.88
Administration Fee 1,000.00
Noteholders Distribution Amount 21,560,981.51
Certficateholders Distribution Amount 708,558.51
Deposit to Reserve Account 562,096.26
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
MONTHLY SERVICER REPORT
I. Avaliable Amount in the Collection Accont
A.Credits
1. Payments from Obligors Applied to Collection Period
a. Principal Payments 20,079,325.72
b. Other Interest Payments 2,951,988.13
c. Total 23,031,313.85
2. Proceeds from Repurchased Receivables
a. Principal Before Cutoff Date 0
b. Interest Before Cutoff Date 0
c. Principal Payments 52,441.86
d. Recovery of Advance 0
e. Other Interest Payments 0
f. Total 52,441.86
3. Reversal from Defaulted Contracts 0
4. Recovery of Defaulted Receivables 81,945.45
5. Advance Recoveries Before Cutoff Date
a. Principal 0
b. Interest 0
c. Total 0
6. Net Adjustments 0
7. Reserve Fund Transfer Amount 0
8. Overpayment From Obligors 11,560.26
9. Total Credits 23,177,261.42
B. Debits
1. Overpayments From Obligors 11,560.26
2. Advance Recovery Amount Before Cutoff Data to Seller
a. Principal 0
b. Interest 0
c. Total 0
3. Reversal of Defaulted Contracts 0
4. Total Debits 11,560.26
C. Total Available Amount (Lines A-B) 23,165,701.16
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
MONTHLY SERVICER REPORT
II. Liquidation Proceeds on Defaulted Receivables for the Collection Period
A. Principal 190,871.01
B. Interest 14,846.58
C. Total 205,717.59
III. Disbursements from Collection Account
A. Avalaible Distribution Amount
1. Available Distribution Amount 23,165,701.16
2. Reserve Account Transfer Amount 0
3. Total Distribution Amount 23,165,701.16
B. Monthly Servicing Fee 333,064.88
C. Monthly Administration Fee 1,000.00
D. Noteholders Interest Distributable Amount 1,848,022.08
E. Certificateholders Interest Distributable Amount 98,879.35
F. Noteholders Principal Distributable Amount 19,712,959.43
G. Certificateholders Principal Distributable Amount 609,679.16
H. Deposit to Reserve Account 562,096.26
IV. Monthly Disbursements
A. Pool Servicing Fee
a. Monthly Servicing Fee 333,064.88
b. Unpaid Monthly Servicing Fee 0
c. Total 333,064.88
B. Administrative Fee
a. Monthly Administration Fee 1,000.00
b. Unpaid Monthly Administration Fee 0
c. Total 1,000.00
C. Noteholders' Interest Distributable Amount
Class A-1 Monthly Interest 0
Class A-1 Carryover Shortfall 0
Class A-1 Total 0
Class A-2 Monthly Interest 0
Class A-2 Carryover Shortfall 0
Class A-2 Total 0
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
MONTHLY SERVICER REPORT
Class A-3 Monthly Interest 464,009.58
Class A-3 Carryover Shortfall 0
Class A-3 Total 464,009.58
Class A-4 Monthly Interest 1,384,012.50
Class A-4 Carryover Shortfall 0
Class A-4 Total 1,384,012.50
Total for Notes Monthly Interest 1,848,022.08
Total for Notes Carryover Shortfall 0
Total for Notes Total 1,848,022.08
D. Certificateholders' Interest Distributable Amount
Class B-1 Monthly Interest 98,879.35
Class B-1 Carryover Shortfall 0
Class B-1 Total 98,879.35
Total for Certificates Monthly Interest 98,879.35
Total for Certificates Carryover Shortfall 0
Total for Certificates Total 98,879.35
E. Noteholders' Principal Distributable Amount
Class A-1 Monthly Principal 0
Class A-1 Carryover Shortfall 0
Class A-1 Total 0
Class A-2 Monthly Principal 0
Class A-2 Carryover Shortfall 0
Class A-2 Total 0
Class A-3 Monthly Principal 19,712,959.43
Class A-3 Carryover Shortfall 0
Class A-3 Total 19,712,959.43
Class A-4 Monthly Principal 0
Class A-4 Carryover Shortfall 0
Class A-4 Total 0
Total for Notes Monthly Principal 19,712,959.43
Total for Notes Carryover Shortfall 0
Total for Notes Total 19,712,959.43
F. Certificateholders' Principal Distributable Amout
Class B-1 Monthly Principal 609,679.16
Class B-1 Carryover Shortfall 0
Class B-1 Total 609,679.16
Total for Certificates Monthly Principal 609,679.16
Total for Certificates Carryover Shortfall 0
Total for Certificates Total 609,679.16
G. Total Disbursements 22,603,604.90
V. Payment Deficiency Amount
A. Scheduled Monthly Disbursements 22,603,604.90
B. Available Distribution Amount 23,165,701.16
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
MONTHLY SERVICER REPORT
C. Payment Deficiency Amount 0
VI. Reserve Account Transfer Amount
A. Available Reserve Amount 11,990,335.56
B. Payment Deficiency Amount 0
C. Withdrawal for Write-Off 0
D. Reserve Account Withdrawal (MIN: Lines A and (B+C)) 0
VII. Pool Balance Reduction Allocation for Collection Period
A. Beginning Pool Balance 399,677,851.94
B. Pool Balance Reduction
1. Avalaible Principal
a. Principal Payments 20,079,325.72
b. From Repurchased Receivables 52,441.86
c. Total 20,131,767.58
2. From Defaulted Receivables 190,871.01
3. Total Pool Balance Reduction 20,322,638.59
C. Ending Pool Balance 379,355,213.35
D. Allocations
1.Percentage Allocation
a. Notes 97.00%
b. Certificates 3.00%
2. Monthly Principal Allocation
a. Notes 19,712,959.43
b. Certificates 609,679.16
VIII. Delinquency and Defaults
Group 1
Period Number Delinquency Amount Principal Balance
30-59 days 1064 765,076.95 9,884,724.72
60-89 days 172 193,135.24 1,534,566.28
90-119 days 70 96,946.96 575,016.23
120+149 days 37 64,853.58 291,618.90
150+179 days 27 58,637.21 211,919.85
180+209 days 19 35,763.75 94,538.70
210+239 days 10 20,784.89 50,693.74
240+Days Delinquent 0 0 0
Total 1399 1,235,198.58 12,643,078.42
B. Principal amount of loans in defaulted receivables 190,871.01
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
MONTHLY SERVICER REPORT
C. Delinquency Percentage
1. Outstanding principal balance for deliquency greater
than or equal to 60 days 2,758,353.70
2. Pool Principal Ending Balance 379,355,213.35
3. Delinquency Percentage 0.73%
IX. Pool Delinquency Percentages
A. Delinquency Percentage for 2nd previous period 0.60%
B. Delinquency Percentage for previous period 0.66%
C. Delinquency Percentage for current period 0.73%
D. Average Deliquency Percentage 0.66%
X. Portfolio Loss Ratios
A. Net Loss Ratio for 2nd previous period 0.65%
B. Net Loss Ratio for previous period 0.71%
1. Principal Balance of Defaulted Receivables 190,871.01
2. Principal Recoveries on Defaulted Receivables 79,126.48
3. Average Pool Balance for Collection Period 389,516,532.64
4. Net Loss Ratio for Current Period(12*(1-2)/3) 0.34%
D. Average Net Loss Ratio ((A+B+C) / 3) 0.57%
XI. Specified Reserve Account Balance
A. Calculation for Reserve Account Floor Amount
1. Guaranteed Floor Amount 8,210,919.09
2. Possible Floor Amount
a. Principal Balance at the Beginning of Next Collection Period 379,355,213.35
b. Cumulative Monthly Interest through Final Distribution Data
Class A-1 Balance 0
Class A-1 Interest Rate 5.588
Class A-1 Service Rate 0.01
Class A-1 Term 0
Class A-1 Interest 0
Class A-1 Service Fee 0
Class A-1 Total 0
Class A-2 Balance 0
Class A-2 Interest Rate 5.747
Class A-2 Service Rate 0.01
Class A-2 Term 0
Class A-2 Interest 0
Class A-2 Service Fee 0
Class A-2 Total 0
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
MONTHLY SERVICER REPORT
Class A-3 Balance 76,289,021.83
Class A-3 Interest Rate 5.8
Class A-3 Service Rate 0.01
Class A-3 Term 16
Class A-3 Interest 5,899,684.35
Class A-3 Service Fee 1,017,186.96
Class A-3 Total 6,916,871.31
Class A-4 Balance 283,900,000.00
Class A-4 Interest Rate 5.85
Class A-4 Service Rate 0.01
Class A-4 Term 32
Class A-4 Interest 44,288,400.00
Class A-4 Service Fee 7,570,666.67
Class A-4 Total 51,859,066.67
Class B-1 Balance 19,166,191.52
Class B-1 Interest Rate 6
Class B-1 Service Rate 0.01
Class B-1 Term 51
Class B-1 Interest 4,887,378.84
Class B-1 Service Fee 814,563.14
Class B-1 Total 5,701,941.98
c. Possible Floor Amount equals Pool Balance + Interest + Service
Fee (Lines a+b) 443,833,093.31
3. Reserve Account Floor (Minimum Lines 1 and 2) 8,210,919.09
B. Possible Reserve Account Amount
1. Reserve Account Trigger Percentages
a. Average Delinquency Percentage 0.66%
b. Average Delinquency Percentage Trigger 1.75%
c. Average Loss Ratio 0.57%
d. Average Loss Ratio Trigger 1.75%
e. Maximum Reserve Account Percentage Specified 6.00%
f. Minimum Reserve Account Percentage specified 3.00%
g. Reserve Account Percentage Applied 3.00%
2. Pool Principal Balance 379,355,213.35
3. Possible Reserve Account Amount 11,380,656.40
C. Specified Reserve Account Balance (Max: Lines A and B) 11,380,656.40
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION
Chase Manhattan Auto Owner Trust 1998-C
15-Sep-00
MONTHLY SERVICER REPORT
XII. Reserve Account
A. Reserve Account Balance After Disbursement from Previous Period
1. Reserve Account Balance After Disbursement from Previous Period 11,990,335.56
2. Reserve Account Transfer Amount 0
3. Investment Earnings 67,455.81
4. Deposit to Reserve Account After Disbursement 562,096.26
5. Amount After Deposit 12,619,887.63
B. Specified Reserve Account Balance 11,380,656.40
C. Available Reserve Account Amount (Min: Lines A and B) 11,380,656.40
1. Excess in Reserve Acct: Max(LinesA.5 - B and 0) 1,239,231.23
D. Excess Amount to Seller 1,239,231.23
F. Ending Reserve Account Balance 11,380,656.40
XIII. Weighted Average Coupon as of Current Period 8.97353375
XIV. Weighted Average Maturity as of Current Period 30.20779284
(C) COPYRIGHT 2000, CHASE MANHATTAN CORPORATION